Vietnamese exports to China see upsurge in four-month period
Society – Economy - Ngày đăng : 12:31, 15/05/2024
Vietnamese exports to China see upsurge in four-month period
Vietnamese exports to the Chinese market during the first four months of the year increased by 10.9% to US$17.7 billion against the same period from last year, according to the latest preliminary statistics released by the General Department of Vietnam Customs.
These figures show that China continues to be the country’s second largest export market, behind only the United States.
Most notably, there were five export groups recording a turnover of US$1 billion or more, representing a rise of three categories compared to the same period from last year.
These product groups include cameras, camcorders and components with US$1.88 billion, up 102.8%; fruits and vegetables with US$1.16 billion, up 44.6%; and machinery, equipment, tools, and spare parts with more than US$1 billion, up 7%.
The remaining groups are computers, electronic products, and components with US$3.98 billion, up 23.5%; as well as phones and components with US$3.47 billion, down 14%.
Among the main export product groups, only phones and components endured a downward trajectory compared to the same period from last year.
According to a report released by the Ministry of Industry and Trade, due to the recovery of the world market, import and export activities during the four-month period has enjoyed robust growth with trade turnover reaching US$238.88 billion, up 15.2% on-year.
Of the figure, exports and imports soared by 15% and 15.4%, respectively, with trade surplus of US$8.4 billion.
Major Vietnamese exports markets and trading partners throughout the reviewed period have rebounded, with the United States remaining the largest export market, followed by China, the EU, the Republic of Korea, and Japan.